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CNBC did a better job than this low-density article. Why Hertz’s Bet On Tesla Isn’t Paying Off In The U.S. https://www.youtube.com/watch?v=UfbkvUXTV_I https:/
by houseatrielah 3y ago
CNBC did a better job than this low-density article.
Why Hertz’s Bet On Tesla Isn’t Paying Off In The U.S.
https://www.youtube.com/watch?v=UfbkvUXTV_I https://www.youtube.com/watch?v=UfbkvUXTV_I
"pricing troubles, skyrocketing repair costs and low resale value"... They turn their fleet over every 2-years or so, so resale value is important, and with prices of new EVs coming down, the resale value will be significantly lower than a new model.
- JumpCrisscross 3y ago> with prices of new EVs coming down Prices of new Teslas coming down. This is incredibly specific to Hertz's bet on Teslas.
- jjoonathan 3y agoAre other brand EVs selling at high prices? Or are they sitting on lots at high prices?
- zardo 3y agoFor a resale impact it doesn't matter much if the price is low or high, it matters if the price drops.
- JumpCrisscross 3y ago> a resale impact it doesn't matter much if the price is low or high If you're actually trying to sell them, it does. If you're marking your assets on a balance sheet, the "price" matters more than the price.
- maronato 3y agoIf Tesla lowers their prices, other EVs manufacturers are forced to do the same to remain competitive. https://www.reuters.com/business/autos-transportation/tesla-cuts-prices-electric-vehicles-us-market-2023-01-13/ https://www.reuters.com/business/autos-transportation/tesla-...
- ralph84 3y agoNew Mercedes-Benz EQ models can be easily had for 20-30% off MSRP. Yes, this is partially due to MB setting the MSRP unrealistically high, but it’s indicative of the broader market for EVs right now.
- throw7 3y agoBut I was told EV's would be much more reliable and cheaper to repair?
- tanseydavid 3y agoYMMV
- belltaco 3y agoHertz says conventional maintenance is lower cost on EVs compared to similar ICE cars.
- samketchup 3y agoGranted they're dumping the fleet with degraded battery packs before doing the 15k+ replacement, sure.
- belltaco 3y agoWhere does this myth come from? Looks it's about 10% battery degradation after 200K miles. Tesla is rating their batteries for 300K to 500K miles. Most American company ICE cars are scrapped by then. Not to mention all the ICE related maintenance costs over that time like oil changes, transmission fluid, timing belts, hoses, etc. etc. You can look at 6 to 10 year Model S cars.
- samketchup 3y agoIt's not a myth at all, and Tesla's "rating" is a lie. Look at data on Prius battery packs and what Toyota rates them for(100-150k). I understand I'm comparing a hybrid to an EV, but there is much more data and I actually trust Toyota. Buying an EV with 100k miles and the original battery pack for 20k is a bad idea.
- gridspy 3y agoLithium-ion battery lifetimes are based on charge-discharge cycles. The Prius battery is far smaller (about 5-10x smaller) than a Tesla battery, so it is cycling charge / discharge far more often. So you'd expect the same quality battery to last 5-10x less miles in a Prius than a Tesla driving the same distance. It's likely that Tesla's investment in battery quality and active temperature controls mean the Tesla battery is also treated better and higher quality. Topping that battery up with a generator in the Prius complicates things, both reducing kWh used per mile (some from generator) but also allowing a discharge - recharge cycle to occur multiple times in the same trip.